Iams Wealth Management LLC Purchases New Shares in Intercontinental Exchange, Inc. (NYSE:ICE)

Iams Wealth Management LLC acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,200 shares of the financial services provider's stock, valued at approximately $552,000.

Several other large investors have also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $25,000. REAP Financial Group LLC grew its position in Intercontinental Exchange by 116.7% during the fourth quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock worth $25,000 after buying an additional 91 shares in the last quarter. Menard Financial Group LLC purchased a new position in Intercontinental Exchange during the fourth quarter worth about $29,000. Redwood Park Advisors LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $33,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $34,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Up 0.1%

Shares of NYSE:ICE traded up $0.14 during midday trading on Friday, hitting $178.70. The company had a trading volume of 3,245,175 shares, compared to its average volume of 3,024,418. The stock has a market cap of $102.51 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 12 month low of $132.93 and a 12 month high of $180.89. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $168.60 and a 200 day simple moving average of $163.40.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the business earned $1.48 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.07%. Intercontinental Exchange's payout ratio is 39.75%.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $179.22, for a total value of $26,883,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,101,705 shares of the company's stock, valued at $376,667,570.10. The trade was a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the transaction, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This represents a 10.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 226,354 shares of company stock worth $40,512,695. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

ICE has been the subject of several research reports. Bank of America decreased their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Wall Street Zen upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. UBS Group increased their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Morgan Stanley increased their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $188.46.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.